Meta’s Bold Moves: Cutting Costs Amid Record Stock Highs
Meta Platforms plans a 10% reduction in annual stock option distributions, affecting many employees, despite reaching record stock prices. These equity refreshers, crucial for employee compensation, vest quarterly over four years alongside salaries and bonuses. The increase in stock prices followed a U.S. Supreme Court decision supporting a TikTok ban and CEO Mark Zuckerberg’s commitment … Read more